Sumavision Technologies H1 Earnings Up 46% - ResearchInChina

Date:2011-07-25hanyue  Text Size:

July 22 -- Beijing Sumavision Technologies (300079), a provider of digital television software, hardware and related services, recorded a 45.58 percent year-on-year increase in first half 2011 net profit to 91.10 million yuan, with earnings per share of 0.41 yuan, reports p5w.net, citing a company filing.

Sales revenue rose 44.74 percent year-on-year to 196 million yuan.

The company recorded improved profitability and higher overall gross profit margins for its products. During the reporting period, it reduced the sales volume of products with lower gross profit margins.

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